The global cocoa beans production landscape in 2024 remains dominated by Ivory Coast with a leading share of 39.74%, followed by Ghana at 15.89%, and Indonesia at 12.62%. Other notable producers include Ecuador, Brazil, and Cameroon, contributing 5.86%, 5.02%, and 4.98%, respectively. Significant year-on-year variations highlight a 2.08% rise in Ivory Coast's production, while Ghana saw a modest increase of 0.73%. Conversely, Indonesia experienced a slight decline of 0.55%. Across smaller producers, the Democratic Republic of the Congo and the Republic of the Congo demonstrated remarkable growth with a 15.95% increase each, reflecting potential emerging market trends.
In the past five years, Ecuador, Brazil, and Peru have shown consistent upwards trends with impressive CAGRs of 7.97%, 4.33%, and 5.92%. Noteworthy contractions include Sierra Leone and Equatorial Guinea, with declines of 20.87% and 20.28% respectively, indicating possible challenges in these regions. Smaller producers like Vietnam, although having a minor global share, showed healthy growth rates, suggesting potential future increases in market share.
Looking ahead, future trends to watch in the cocoa production industry include further shifts in production capabilities within emerging markets, sustainable farming practices, and the impact of global climate changes on primary producers. Increased investment in technology and infrastructure across growing nations is expected to further enhance production efficacy and quality.
Top countries in Cocoa Beans Gross Production Share by Country (Thousand US Dollars PPP = 2004–2006)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Ivory Coast | 39.74 | 2023 | +2.41% | +2.08% | View data |
| 2 | 2 Ghana | 15.89 | 2023 | +1.45% | +0.73% | View data |
| 3 | 3 Indonesia | 12.62 | 2023 | +1.04% | -0.55% | View data |
| 4 | 4 Ecuador | 5.86 | 2023 | +6.77% | +7.97% | View data |
| 5 | 5 Brazil | 5.02 | 2023 | +1.13% | +4.33% | View data |
| 6 | 6 Cameroon | 4.98 | 2023 | +0.94% | +3.25% | View data |
| 7 | 7 Nigeria | 4.88 | 2023 | +1.11% | +1.26% | View data |
| 8 | 8 Peru | 3.05 | 2023 | +4.77% | +5.92% | View data |
| 9 | 9 Colombia | 2.04 | 2023 | +16.61% | +4.2% | View data |
| 10 | 10 Dominican Republic | 1.25 | 2023 | +0.45% | -3% | View data |
